Alibaba-backed Chinese cloud PaaS provider Qiniu files for $100m US IPO

Alibaba-backed Chinese cloud PaaS provider Qiniu files for $100m US IPO

Illustration/Photo: Internet Archive

Qiniu Limited, an Alibaba-backed Chinese cloud services platform for media and data applications, has filed for an initial public offering (IPO) on Nasdaq to raise as much as $100 million – likely a placeholder amount subject to change.